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Tullow, partners successfully start-up Jubilee South East project

OilNOW -
Tullow, alongside its joint venture partners Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings, has announced the successful start-up of the Jubilee South East (JSE) Project, offshore Ghana. The first JSE production well has been brought...
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Mohameds deny allegations in Reuters report

OilNOW -
In the midst of a burgeoning controversy, Guyanese businessmen Nazar Mohamed and his son, Azruddin, partners in a multimillion-dollar venture to build ExxonMobil a shore base in Guyana, have refuted allegations of money laundering, drug trafficking, and gold smuggling....
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CNOOC awards scholarships to four Guyanese students

OilNOW -
CNOOC Petroleum Guyana Limited (CPGL) has awarded scholarships to four students from Guyana to pursue studies in Petroleum Sciences in China for the academic year 2023-2024. These four promising scholars—Nechemiyah Levans, Aria Matthews, Ishika Singh, and Nazeela Williams—are the...
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New Guyanese consortium acquires stake in Newrest Guyana

OilNOW -
Guyanese Achieving Together Enterprises (GATE), a consortium of local catering and food service operators, has purchased a substantial equity stake in Newrest Guyana, the country's premier offshore caterer and food supplier to the oil and gas sector. This acquisition comes...
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Guyana now classified as high-income country by World Bank as oil projects quintuple

OilNOW -
The World Bank has announced the elevation of Guyana's status to a high-income country, a milestone in the South American nation's economic journey. This update comes along with several other countries having their statuses adjusted in the latest annual...
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Tiny Guyana ahead of the pack in region plagued with stranded assets

OilNOW -
Stranded assets, a prevalent concern in regions heavily dependent on fossil fuels, are essentially investments that may never yield returns due to shifts in the market, typically driven by environmental considerations and the burgeoning clean energy revolution. While many...
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Brazil raked in US$12.9 billion in signing bonuses for 15 pre-salt blocks – Report 

OilNOW -
Brazil was able to cop a total of US$12.882 billion in signing bonuses from 15 block awards in its pre-salt area since the state-owned Petrobras made the first discovery back in 2006. This is according to the recent Economic...
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Woodside Energy abandons Trinidad block

OilNOW -
Australian-based Woodside Energy Group has handed back a deepwater block to the government of Trinidad and Tobago, following an appraisal that deemed its development financially unsound, according to a company representative on Wednesday. Reuters broke the story of the...
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Exxon set to buy out largest carbon capture and storage company in U.S in $4.9 billion all-stock deal

OilNOW -
ExxonMobil Corporation announced that it has reached a definitive agreement to acquire Denbury Inc., a renowned developer of carbon capture and storage (CCS) solutions and enhanced oil recovery. The all-stock transaction is valued at US$4.9 billion.  The acquisition aligns with...
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African Chamber says Stabilization Clause in Stabroek PSA delivering major benefits, wants Namibia to follow suit

Shikema Dey -
Having significant hydrocarbon reserves certainly will get energy companies’ attention, but holding the companies’ interest — and convincing them to continue investing billions of dollars in exploration and production activities — requires deliberate, strategic measures on the part of...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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